Deloitte report says it’s time insurers ‘expand their value proposition’
By Insurance24
HARARE, Middle market commercial insurers are under more pressure than ever to stay competitive in an increasingly cost-conscious, commoditized and fickle market environment.
According to the Deloitte Middle Market Insurance Consumer Survey released this week, insurers and brokers targeting the
ZB Insurance profitable in 2017 on improved product penetration
By Insurance24
HARARE, ZB Financial Holdings net earnings for the insurance business for the year ended 31 December 2017 increased 9% to $9.6 mln compared to $8.8 mln in 2016 on the back of improved product penetration in the life assurance business and a flat outturn on expenses.
During the period, gross insurance premium income amounted
FMHL falters in a day turnover spikes to $12 mln
By Insurance24
HARARE, In a day market turnover spiked to $12.1 mln from $3.1 mln recorded in previous session, Insurer First Mutual Holdings Limited (FMHL) found the day tough, losing 8.896% to close at 17c.
FMHL through completion of the transaction to acquire short term insurer Nicozdiamond is set to become one of the leading giants in the insurance
Increased exports to boost uptake of Export Credit Insurance: CZI
By Insurance24
HARARE, The manufacturing sector is optimistic on increased uptake of the Export Credit Insurance as the sector anticipates growth in exports.
The Export Credit Guarantee Corporation (PVT) Ltd, (ECGC), a wholly owned subsidiary of the Reserve Bank of Zimbabwe and a duly registered short term insurer.
The company provides
Nicozdiamond down 19.48% as market halts losses
By Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) halted the losses that had characterized the bourse in the last trading days. The All Share Index closed the day a marginal 0.03 points in the positive, with the Top 10 Index putting on 0.035 points. The Mining Index closed the day flat with no trades in the sector.
Turnover was decent at $3.1 mln
Industry trends, strategies to stay competitive
As technology innovation, higher customer expectations and disruptive newcomers redefine the marketplace, insurers remain focused on growing top-line sales, bottom-line profitability, addressing challenges, and
competing in a dynamic industry. Our 2018 Insurance Industry Outlook pinpoints key opportunities and threats that should demand attention
Insurers Fidelity and Old Mutual contribute to February’s highest turnover
By Insurance24
HARARE, Insurer, Fidelity Life Assurance gained 1.60c in today’s session of the Zimbabwe Stock Exchange (ZSE) to close at 9.60c. Together with Old Mutual, the two insurers are the only counters in the insurance sector that were in action today. OM traded flat 5.30c.
Fidelity appointed Rueben Java as Group
Zimre Holdings block trade fails to inspire mainstream index
By Insurance24
HARARE, Diversified insurance group Zimre Holdings block trade of 4,677 mln shares failed to inspire trading on Monday which saw the mainstream index closing 0.47% lower at 299.78 points.
Trading on the Zimbabwe Stock Exchange (ZSE) opened the week on a relatively quite note with activity limited only to nine counters. At
Masiyiwa’s return inspires Econet, as only Old Mutual trade for insurers
By Insurance24
HARARE, The Zimbabwe Stock Exchange (ZSE) closed the on a rather quiet session where activity was limited to only 13 counters. Big trades in BATZ, Old Mutual and a block trade in Econet carried the day.
Econet saw a total 2,708,915 shares exchanging ownership at 70c, after gain 0.25c from previous trading price.
FMHL targets 81% shareholding in Nicozdiamond by year end.. to launch micro-insurance products
By Insurance24
HARARE, First Mutual Holdings Limited (FMHL) says is optimistic of having 81% controlling stake of short term insurer NicozDiamond.
Group chief executive officer Doug Hoto in an interview said the acquisition transaction is on course and going through a pace it should.
“Its currently underway,